GAIL (India) Limited MECON LIMITED

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED AND DECLARED AS FOLLOWS:-1. In consideration of the payment to be made to the CONTRACTOR for the WORK to be executed by him,the CONTRACTOR hereby covenants with EMPLOYER that the CONTRACTOR shall and will dulyprovide, execute and complete the said work and shall do and perform all other acts and things in theCONTRACT mentioned or described or which are to be implied there from or may be reasonablynecessary for the completion of the said WORK and at the said times and in the manner and subject to theterms and conditions or stipulations mentioned in the contract.2. In consideration of the due provision execution and completion of the said WORK, EMPLOYER doeshereby agree with the CONTRACTOR that the EMPLOYER will pay to the CONTRACTOR therespective amounts for the WORK actually done by him and approved by the EMPLOYER at the Scheduleof Rates and such other sum payable to the CONTRACTOR under provision of CONTRACT, suchpayment to be made at such time in such manner as provided for in the CONTRACT.A N D3. In consideration of the due provision, execution and completion of the said WORK theCONTRACTOR does hereby agree to pay such sums as may be due to the EMPLOYER for the servicesrendered by the EMPLOYER to the CONTRACTOR, such as power supply, water supply and othersas set for in the said CONTRACT and such other sums as may become payable to the EMPLOYERtowards the controlled items of consumable materials or towards loss, damage to the EMPLOYER'Sequipment, materials construction plant and machinery, such payments to be made at such time and insuch manner as is provided in the CONTRACT.It is specifically and distinctly understood and agreed between the EMPLOYER and the CONTRACTORthat the CONTRACTOR shall have no right, title or interest in the SITE made available by theEMPLOYER for execution of the works or in the building, structures or work executed on the said SITE bythe CONTRACTOR or in the goods, articles, materials etc., brought on the said SITE (unless the samespecifically belongs to the CONTRACTOR) and the CONTRACTOR shall not have or deemed to haveany lien whatsoever charge for unpaid bills will not be entitled to assume or retain possession or controlof the SITE or structures and the EMPLOYER shall have an absolute and unfettered right to take fullpossession of SITE and to remove the CONTRACTOR, their servants, agents and materials belongingto the CONTRACTOR and lying on the SITE.The CONTRACTOR shall be allowed to enter upon the SITE for execution of the WORK only as alicensee simpliciter and shall not have any claim, right, title or interest in the SITE or the structureserected thereon and the EMPLOYER shall be entitled to terminate such license at any time withoutassigning any reason.The materials including sand, gravel, stone, loose, earth, rock etc., dug up or excavated from thesaid SITE shall, unless otherwise expressly agreed under this CONTRACT, exclusively